Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1187. (Read 26732419 times)

Damn! I miss Line chart, Candles keeps driving me nut
What really matters is that it's an uptrend trying to for a new Ath and a new support 

Surely, the peculation about "retired" is far from conclusive.

That would be one dumb mofo, if he were to convert 1,000 BTC into fiat (especially if it were his ONLY fiat).. but if he were merely buying a yacht or a some other high ticket item, then yeah, it might make some sense to cash out all of it.. .

In other words, there should be no need to cash out all at once, unless a high ticket item purchase is being made right away...


I agree that it may well have gotten long in the sense of bordering upon "unreadable" by the more casual reader, but I still think it looks longer than it was - because neither I nor dragonvslinux edited out what we were responding to... so we end up with quite a bit of repetition of ideas (and bulk).. .but perhaps (arguably) some need for context in order that the points (if any?) might be better understood what the back and forth might be all about (to the extent any of it matters), for anyone who might choose to read through parts of it.

In other words, I felt that I could not just let the assertions of dragonvslinux stand - especially when it seems to me that he was trying to persuade WO members to sell BTC, but at the same time proclaiming that he was no longer in the degenerate gambling phase of his bitcoin journey, and some of that hardly even makes sense, so it seems that it deserved an attempt at somewhat of a contextual response.

And the part about selling at $48k and being glad that he did not buy back at $40k may well make sense on a personal level, but it hardly makes sense to a broader audience - including his implication that he is still likely be able to buy back lower than $40k and come back and tell all of us "I told you so." That just borders on the appearance of having way too much confidence in both DOWNity and also criticizing, denigrating and even making fun of anyone who is mostly preparing for UP... and also using a lot of generalizations to suggest that if any of us are giving higher odds to UP rather than DOWN at this time, that we are somehow delusionally following some YouTube talking heads and not thinking sufficiently for our lil selfies.


Yes.

My feelings are still hurtening in regards to that  (the picture, I am talking about)


dragonvslinux can do it, even if what he ends up writing ends up with "problematic areas".. which surely can be the case with any predictive attempts that any of us make in regards to the cornz.. especially, anything related to short-term price dynamics.   

And, surely dragonvslinux can be stubborn in regards to sticking with his earlier stated position, which is part of his charm.. and also is part of the problem when any of us might be arguing points of probability that can go either way, and whether we merely disagree about a few percentage point differences, or if there might even be a bettable proposition contained in the mix.. ... which reminds me that the level of our difference may well be getting into the area of bettable..

Neither of us mentioned that, yet... but could be a good area to explore whether we could get some standing behind some of the BTC price direction proclamations that are starting to seem extreme.  I am starting to recall that someone might have been entertaining betting with him the last time when he came in with his lower $30ks prediction (about 6 weeks-ish ago).

Things are starting to get more lively in these parts.. and we might get to a state in which we are having to try to get through 15-20 WO pages (or more) per day.

Explanation
Chartbuddy thanks talkimg.com

Calm your pressure man , wouldn't be a bad idea though

Don't be discouraged. Do you like to earn 10x from what you are earning today? Start dumping your salary into bitcoin and thank your past self later, there is plenty of upside left.

300k ++

It seems pretty likely - maybe even greater than 55.555555555% odds.  And are we going by UTC time in terms of when Friday officially ends. UTC time seems to be the consensus, even though people sometimes can be loose in terms of specifying the elements of their predictions.


Party poop.


I don't know either.  

I looked in the mirror and I also looked up PoAI.

Now, I have an identity crisis.

Thanks a lot Gyrsur.

You really know how to ruin a good moo - even more worser than the dude (see above).


Now, I am feeling much MOAR better.

Thanks d_eddie.   

Your use of the word "disgruntled" is proof of read... and even understanding I must say, contrary to your public posture regarding the topic.

 

Only 3x from now... very possible.



Updating "1.5x per year" trend...

I always assume everyone is reading this topic using a small cellular phone while using the bathroom. Is it just me?

Doesn’t matter what you’re using to look at this market though. The blinding color of neon green jumping out at you is unmistakeable. The correction lasted a day and we’re back in rally mode. $69K will break soon…

Where do all these ETFs buy their bitcoin. If OTC, where do the OTC desks source it ?

That actually sounds useful in this scenario. This is just a cheap mouse from Amazon connected to a Mac. Some jackasses at Apple decided to put the charging port for their mouse on the bottom, to be sleeker , so after multiple times of needing to wait 10-15 minutes for it to charge, it now sits uncharged, although still looking sleek, while I use a cheap wired mouse, smh. I have some settings I could mess with in terms of speeding up the scroll, but they're not worth messing with in this situation.

We’ve seen NOTHING yet. This bull run has barely started.

$200,000+ loading…..


@luke_broyles
Given that Blackrock ETF bought $800 million of BTC yesterday and @MicroStrategy wants to buy another $600 million...

I think BTC is still cheap.
https://x.com/luke_broyles/status/1765373482517299391


@BitcoinIsaiah
The higher it goes, the more people want a pullback.
The more people want a pullback, the less likely it will happen.

♻️♻️♻️ BTC
https://x.com/bitcoinisaiah/status/1765395684558057942



@eric_bigfund
Too Many Buyers
Not Enough Sellers
     BTC 🚀
https://x.com/eric_bigfund/status/1765366091340038461


@BTC_for_freedom
81,000 BTC just went off Binance and Coinbase👀🐳
https://x.com/btc_for_freedom/status/1765397097140912182

I don't have the time nor inclination to do any tracing so I made the assumption that had already been done as he stated they were sold.

But yeah assumptions and all that.

I agree with you 100%, hording fiat is against BTC is financial illiteracy.


BTC VS Fiat: Let me show you how to do it

I don't think it comprehends what benefit means.

Edit: fuck I hate you can't bold in a list.

Well it's a bit like that actually. I'm getting corn out of various places to "consolidate" (not on the same addys) and seeing the amount displayed in dollars changes my perspective a bit.

My plan wasn't well established aside from "BTC is my retirement plan". I don't want to retire in my old age but I figured there was still a few years of grinding. Incidentally part of my change of thinking isn't even related to BTC but to my stock portfolio, it's doing so nicely that I decided I didn't want to put everything into buying a house, I'm looking at cheaper houses, making compromises on the commute time to my workplace.

I haven't bought the house yet so I have 5-10 years living expenses in cash.

BTC isn't high enough (and can/will go lower) yet for me to live off my stash but I have much more confidence it will be high enough in 5 years or less.

So do I continue grinding at work or not ? It's not like I'm making significant money, DCAing at current prices isn't even worth it for what I could get. And my job is boring. If I had something that really was compelling and well paid I wouldn't think about it and continue a bit to be on the safe side, while enjoying myself on vacations etc., but that's not how it is.

Do I still buy the house, get enjoyment out of that, look for another job, just quit this one after giving it some more months, keeping the possibility to get another job if things go wrong.

Do I leave everything and go to Thailand or something (heard there is a new tax law I have to look into it) ?

One thing I might do is take a vacation there, that would help the thinking. When I spent 2 weeks in Vietnam in 2018 I didn't want to leave...

I'm one of those heroes  

I don't really like loans and I don't want to be having a urgency to sell even when the market is moving against all because I have to pay some silly debt when I know if I HODL I will get it back.
Yes I'm strengthening my programming skill in order to make better money and have a proper investment strategy. The dissappointing thing is that if only I had focused on a single language and masters it while building projects with it would have been better now but I was too picky, jumping from one to another at least Thank God I have accepted my foolishness and wants to do better, I guess with the 10 years works well

This seems to be lacking context. I don't understand it.  Mined in 2010.. yes I get that, but it looks like they were moved.

And then sold?  Sure they were transferred, but accidentally?  And where is the 2021 info pertaining to these coins? Oh? that's your speculation about something that is missing from the evidence.

To me, it just looks like three days ago some 2010 coins were moved... and why would anyone sell that many coins at once, if they had not been moved since 2010?


that could be... or moving to a more secure wallet. but it would seem that they should be split up if that were the case.  I cannot tell from the information provided.


Well you have to stay within your own scope of abilities because it would not be good to overdo whatever you are doing and then not be able to continue to build your BTC stash... so you may well have a good 10 years of accumulation ahead of you, especially if you are just getting started investing.   

When I mentioned front-loading in my post, I am not necessarily referring to loans, even though loans could be a form of front-loading that may or may not be reasonable depending on context - including your ability to service the loans apart from the price direction of the underlying investment (namely bitcoin in this case).  You can also front-load your investment into bitcoin by being overly aggressive in your DCA or even if you were to have lump sum funds that are available to you, whether transferring from another investments, some kind of payment for goods and/or services that you received or some other reason that you might come across some extra funds.. presumptively not from robbing banks or similar kinds of ways to come across extra funds.


You might be correct that there are not as many of the ETF clients that are going to jump ship in one or two years, but they are still individuals, governments and institutions, they are not one monolith and the coins are not Blackrock's.  Blackrock is merely an intermediary that has to follow the exposure of their clients in regards to having to buy and sell the bitcoin to cover the sold BTC spot price ETF shares.

Explanation
Chartbuddy thanks talkimg.com

one of my mice has a switch to put the wheel in "flywheel" mode, you can really get it cranking with it.